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BOARD OF GOVERNORS
335
CF' THE
FEDERAL RESERVE SYSTEM
WASHINGTON
ADDRESS DF"F"ICIAL CORRESPONDENCE
TD THE BDARD
X-9551.
March 25, 1956.
SUBJECT:
Expense, Main Lines, Leased
Wire System, February, 1956.
Dear Sir:
Inclosed herewith you will find two
mimeographed statements, X-9551-a and X-9551-b,
covering in detail operations of the main lines
of the Leased Wire System, during the month of
February, 1956.
Please credit the amount payable by
your bank for your share of the expense of the
Leased Wire System to the Federal Reserve Bank
of Richmond in your daily statement of credits
through the Inter-district Settlement Fund for
the account of the Board of Governors of the Federal Reserve System, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the credit.
Very truly yours,
0. E. Foulk,
Fiscal Agent.
Inclosures.
TO PRESIDENTS OF ALL F. R. BANKS.
X-9551-a
REPORT SHOWING CLASSIFICATION AND Nln{BER OF WORDS TRANSMITTED OVER MAIN LINES
OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE i\il.ONTH OF FEBRUARY, 1956.
Business
reported
by banks
From
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
•
St.,. Louis
Minn-eapolis
Kansas -Gi ty
Dallas
San Francisco
Total
52,225
122,281
24,515
'37,102
42,67'3
40,549
70,270
51,880
29,876
57,128
59,715
75,671 .
625,681
Words sent by
New York chargeable to other
F. R. Banks ( 1)
1,.219
1,222
1,229
1,281
1,175
1,585
1,413
1,168
1,'305
1,'316
1,554
14,465
Board business • • • • • • • • • • • • • •
Net Federal
reserve
bank
business
55,442
122,281
25,555
'38,551
43,954
41,722
71,855
55,295
51,044
58,455
41,051
77,225
658,146
302,865
Reimbursable business Incoming & Outgoing
Total words transmitted over main lines
(*) These percentages used in calculating the pro rata share of leased wire expense as shown
on the accompanying statemant (X-9551-b).
(1)
Number of words sent by New York to other F. R. Banks for their sole benefit charged to
banks indicated in accordance with action taken at Governors' Conference
November 2-4,1925.
Per cent of total
bank business ( -:t-)
5.24
19.16
4.00
6.01
6.89
6.54
11.26
8.35
4.86
9.16
6.45
12.10
100.00
941,011
628,855
• 1,569,866
X-9531-b
REPORT OF EXPENSE MAIN LINES
FEDERAL RESERVE LEASED WIRE SYSTEM, FEBRUARY, 1936.
Operators'
Salaries
Name of bank
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
MinneapOlis
Kansas 'City
Dallas
San Francisco
Board
Total
$ 260.00
1,283.30
225.00
506.66
190.00
262.50
5,965.60(#)
176.00
154.16
287.00
251.00
580.00
$7 '741.22
Retirement
Contributions
$ 12.45
Opera tors'
overtime
$ -
64.80
11.39
15.05
9.78
13.26
184.14
8.91
8.29
16.16
12 .. 35
19.11
4.00
$375.67
f~4.00
Wire
rental
$ 730.66
$ 272.45
1,348.10
236.59
521.69
230.00(&)
429.78
275.76
4,153.74
184.91
162.45
305.16
263.35
599.11
14 911.28
14 911.28
$15,141.28
$25,262.17
2,671 .. 64
557.75
838.02
960.73
911.95
1,570.08
1,164.31
677.67
1,277.26
896.59
1,687.20
1,348.10
256.59
521.69
429.78
275.76
4,153.74
184.91
162.45
303.16
265.35
599.11
$15,945.84
$8,550.89
(&) Main line rental, Richmond-Washington
(#) Includes salaries of Washington operators
(*) Credit
Amount reimbursable to Chicago
Includes $316.42, which represents cost of
handling contingent expense telegrams for the
Treasury Department for the month of February, 1956.
91518.55
$15,945.84(b)
Payable to
Board
Credits
$ 272.45
$
Less Reimbursable Charges
(a)
(b)
Total
expenses
Pro rata
share of
total
expenses
458.21
'* 1,525.54
'li'
321.36
516.33
530.95
656.17
2,585.66(*)
979.40
515.22
974.10
655.24
1,288.09
$8.176.61
2 2 585.66(a2
$5,592.95
@FedFRASER